Soap bubbles fly in front of the Deutsche Bank headquarters in Frankfurt, Germany, Friday, June 1, 2018. (AP Photo/Michael Probst)
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Deutsche Bank AG traders generated a $35 million profit in two weeks sparked by economic turmoil in Turkey.The credit team has made $45 million this year under head trader Niru Raveendran, with a quarter of those gains coming just in the past week across bond and derivative trading, the people said.Neither European bank discloses specific gains tied to trading emerging market products. Deutsche Bank said in its annual report earlier this year that it expected emerging market trading to help propel a rebound in fixed-income trading in 2018, after that business slumped last year.While the volatility has led to losses for some, the swings in asset prices have also prompted increased trading volume for banks.At Barclays, senior London-based credit trader Tolga Kirbay was caught on the wrong side of a wager over three trading days starting from Thursday, said the people, who asked not to be identified as the details aren't public.
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